Form 4: SWK Holdings Director Jerry Albright Acquires Shares in Lieu of Cash Compensation
SEC Form 4
Director Jerry Albright acquired 3,253 shares of SWK Holdings Corp common stock at $16.91 per share in lieu of cash compensation.
Summary
- On June 27, 2024, Jerry Albright, a director of SWK Holdings Corp, acquired 3,253 shares of common stock.
- The shares were issued in lieu of cash compensation for his services as a director.
- The price per share was $16.91.
- Following the transaction, Albright directly owns 6,974 shares.
- The restricted shares vest on June 27, 2025, contingent upon Albright's continued service as a director.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a standard compensation practice. The director taking shares instead of cash is a mildly positive signal.
Positives
- Director's decision to take shares instead of cash shows confidence in the company's future.
Industry Context
This is a routine Form 4 filing, indicating a change in beneficial ownership by a company insider. It is common for directors to receive stock as part of their compensation.
Key Dates
| Date | Description |
|---|---|
| 06/27/2024 | Date of transaction: Jerry Albright acquired shares of common stock. |
| 06/27/2025 | Vesting date for the restricted shares, contingent upon continued service. |
| 07/01/2024 | Date of signature on the Form 4 filing. |
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